Epic research's daily special report 14th december 2016.pdf

DAILY REPORT 14

th DECEMBER 2016

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Global markets at a glance European shares rose on Tuesday, helped by a rally in It-aly's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever. Mediaset surged 31.9%, the biggest gainer in Europe, after French media group Vivendi said it owned a 3% stake in the Italian broadcaster and planned to raise that to as much as 20 percent, fuelling expectations of a takeover bid. The pan-European STOXX 600 index climbed to a new 11-month high to end up 1.1% Asia shares crept cautiously higher on Wednesday while a hush settled on the US dollar as investors felt certain the Federal Reserve would raise rates for the first time in a year, but were less sure what it might herald for 2017. Aus-tralia led the early going with gains of 0.7 percent and MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.2 percent. Japan's Nikkei went the other way, easing 0.1 percent with moves across the region modest at best. The outcome of the Fed's policy meeting will be an-nounced at 1900 GMT. US stocks racked up new all-time highs on Tuesday andDJI average ended fewer than 100pts away from 20,000 mark as a post-election rally showed no signs of fatigue. All 3 ma-jor indexes established record highs. The Dow has climbed about 9% since the Nov. 8 election, with gains fuelled by expectations that President-elect Donald Trump will reduce taxes and regulation and stimulate the economy. Previous day Roundup After volatility, benchmark indices gained strength in last couple of hours of trade on Tuesday, with the Nifty ending above 8200 level ahead of the upcoming policy meeting of Federal Reserve that will begin tonight. Positive European cues and short covering in index heavyweights helped the market recover previous day's losses. The Sensex jumped 182.58 points to 26697.82 and the NSE Nifty rose 51 points to 8221.80 while the broader markets underperformed benchmarks, with the Midcap falling 0.4 percent. Index stats The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [down 85.58pts], Capital Goods [down 99.49pts], PSU [down 49.16 pts], FMCG [down 97.59pts], Realty [down 6.43pts], Power [down 2.11pts], Auto [down 353.74pts], Healthcare [down 70.93pts], IT [down 40.01pts], Metals [down 29.51pts], TECK [down 33.28pts], Oil& Gas [down 138.10pts].

World Indices

Index Value % Change

DJI 19911.21 +0.58

S&P500 2271.72 +0.65

NASDAQ 5463.83 +0.95

FTSE100 6968.57 +1.13

NIKKEI 19206.46 -0.23

HANG SENG 22573.30 +0.56

Top Gainers

Company CMP Change % Chg

TECHM 487.00 17.60 3.75

TATAMOTORS 470.30 15.90 3.50

BPCL 629.40 17.55 2.87

WIPRO 464.00 10.45 2.30

ADANIPORTS 287.00 5.65 2.01

Top Losers


ULTRACEMCO 3,364.90 97.45 -2.81

HINDALCO 177.25 4.70 -2.58

ZEEL 441.55 10.75 -2.38

BHEL 125.35 2.15 -1.69

GRASIM 849.50 12.25 -1.42

Stocks at 52 Week’s HIGH

Symbol Prev. Close Change %Chg

BHARATFORG 1,000.00 31.90 3.30

ENGINERSIN 313.30 1.45 0.46

JSWHL 1,420.00 92.30 6.95

THYROCARE 695.70 17.40 2.57

VAKRANGEE 267.15 -17.10 -6.02

TVSELECT 218.50 -2.40 -1.09

—

Indian Indices


NIFTY 8221.80 +51.00 +0.62

SENSEX 26697.82 +182.58 +0.69

Stocks at 52 Week’s LOW

Symbol Prev. Close Change %Chg

DBSTOCKBRO 14.20 -0.10 -0.70

RAMCOSYS 297.95 -3.00 -1.00

RESPONIND 63.00 -2.65 -4.04

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DAILY REPORT 14

th DECEMBER 2016


STOCK RECOMMENDATION [CASH]

INOXWIND [CASH]

On the daily chart the INOXWIND has taken reversal from trend-line support and made bullish candlestick rose with heavy volume participation also crossed the near resis-tance level of 204 and closed above it thus its looking good buy opportunity above 205 for the target of 208-210 with SL below 200.

MACRO NEW

India's consumer prices climbed 3.63% yoy in November, slower than the 4.2% increase seen in October

Oil prices surge on output deal

Principal MF doesn’t see massive investment from banks into MFs

FPIs on a selling spree in debt mkt; shift to developed mkts

Tata Motors shares gain 5% after block deals worth Rs 2,400 cr

Coal India Q2 Cons Net Profit At `600.4 Cr Vs CNBC-TV18 Poll Of `2,150 Cr

Listing - Mandhana Retail

JSW- JPVL - sale of Bina plant in slow lane

TAMO looking to sell Bolt as taxi

Adani Ports-Indian Port Rail Corporation to start work on 4300 cr rail project

DLF may split 40% stake sale in Arm between GIC & blackstone

Govt asks Axis Bank to put its house on order

KRBL has set up Furfuryl Alcohol plant for Rs7cr Thomas Cook approved NCDs worth Rs300cr

Jindal Steel & Power gets commercial date of operation for last unit at Tamnar wef 12 Dec 2016

Wockhardt- Daman unit compliant with principles & guidelines of good manufacturing as per UK MHRA

NTPC to raise Rs3925cr via NCDs

RBL Bank - ICRA assign short term rating of ICRA A1+

Indiabulls Real Estate opening date for buyback

STOCK RECOMMENDATIONS [FUTURE] 1. APOLLOTYRE [FUTURE]

Last trading session APOLLOTYRE future show positive per-formance and close near major resistance level with bullish candlestick in daily chart. And since last session it rose with rising OI in long side.So we expect the lead to good upside in the stock. So we advise you to Buy Apollotyre future above 198 for the target of 200-203 with SL of 195. 2. JETAIRWAYS [FUTURE]

Last trading session JETAIRWAYS future show positive strength and take a good bounce back at lower level and ended with bullish candlestick in daily chart. So if future cross yesterday high .We may see sharp rise for that it will be good to buy above 365 for the target of 370-380 with SL of 357.


DAILY REPORT 14

th DECEMBER 2016


FUTURES & OPTIONS

MOST ACTIVE CALL OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY CE 8,300 59.00 1,32,915 51,57,825

NIFTY CE 8,400 27.00 1,09,169 43,45,125

BANKNIFTY CE 18,500 114.30 93,524 2,14,520

TATAMOTOR CE 520 1.50 2,466 12,94,500

BHARATFORG CE 1,000 30.65 1,996 1,50,600

RELIANCE CE 270 5.40 1,959 42,54,000

AXISBANK CE 1,040 16.25 1,798 5,03,500

TATASTEEL CE 460 9.00 1,692 9,48,000

MOST ACTIVE PUT OPTION

Symbol Op-

tion

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Open

Interest

NIFTY PE 8,200 89.00 1,17,164 42,69,600

NIFTY PE 8,100 57.40 1,02,734 41,03,550

BANK NIFTY PE 18,000 26.40 70,070 3,81,040

TATAMOTOR PE 440 3.65 2,094 13,32,000

TATASTEEL PE 410 6.05 1,615 9,34,000

AXISBANK PE 440 7.15 1,439 7,09,200

RELIANCE PE 1,000 5.20 1,181 5,91,000

SBIN PE 260 4.55 1,138 22,80,000

FII DERIVATIVES STATISTICS

BUY OPEN INTEREST AT THE END OF THE DAY SELL

No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores No. of

Contracts Amount in

Crores NET AMOUNT

INDEX FUTURES 18450 1171.94 14682 936.25 213392 13538.52 235.68

INDEX OPTIONS 353234 23327.17 355257 23461.87 1055879 66185.69 -134.70

STOCK FUTURES 77631 5066.42 84326 5543.85 885431 54401.29 -477.43

STOCK OPTIONS 37587 2633.13 38906 2709.39 80391 5238.69 -76.26

TOTAL -452.69

STOCKS IN NEWS

JSPL Says 4th Unit Of Power Plant At Tamnar Com-mences Commercial Ops From Dec 12

Prism Cement Board Approves Issuing NCDs Worth `200 Cr

Karnataka Bank rights issue shares available for trading Bajaj Electricals enters into strategic alliance with UK

based Gooee for IoT based lighting solutions Tata Motors /Bharat Forge: Rivals object to TAMO’s

bid to make infantry combat vehicles Kaveri Seed Q2 Net Profit At `7 Cr Vs Loss Of `42.5 CR

NIFTY FUTURE

NIFTY in yesterday trading session consolidated till 1st half and moving around 70 points it ended in a positive note. Today it may follow the same pattern. 8150 is a good support level for the index, So we advise you to buy nifty around 8200 for the targets of 8270 and 8350 with strict stop loss of 8100

INDICES R2 R1 PIVOT S1 S2

NIFTY 8275.10 8248.40 8202.10 8175.40 8129.10

BANKNIFTY 18617.00 18541.00 18416.00 18340.00 18215.00


DAILY REPORT 14

th DECEMBER 2016


COMMODITY ROUNDUP MCX Copper edged up in afternoon trades amid supportive cues from equities and ideas that demand from Asia would remain strong. The Asian Development Bank maintained its developing Asia growth outlook for 2017 while lowering its estimate for this year. ADB downgraded its 2016 growth projection to 5.6% from 5.7%. But kept unchanged at 5.7% its growth estimate for 2017 in its Asian Development Out-look 2016 Update report. COMEX Copper futures are on the rise today after testing a one week low in last session. The metal is quoting at $2.625 per pound, up 0.27% on the day. MCX Copper futures are trading at Rs 393.25 per kg, up 0.50% on the day as a quick rebound above Rs 390 levels firmed up the sentiments. Iron ore stocks are growing at mine heads, with lower off-take while output has been rising. Data from the Indian Bu-reau of Mines shows the total stock of ore at end-July was 144.5 million tonnes (mt). Of this, 85 per cent had built up in Odisha, the largest producer, and Jharkhand. Around 70 per cent of the stockpile comprises ore with content below 62 per cent, both lumps and fines, the latter being 93 per cent of this. The international crude oil price of Indian Basket as com-puted by PPAC under the Ministry of Petroleum and Natural Gas was US$ 54.42 per barrel (bbl) on 12.12.2016. This was higher than the price of US$ 51.03 per bbl on previous pub-lishing day of 08.12.2016. In rupee terms, the price of Indian Basket increased to Rs. 3677.60 per bbl on 12.12.2016 as compared to Rs. 3440.97 per bbl on 08.12.2016. Rupee closed at Rs. 67.58 per US$ on 12.11.2016. Gold dropped towards its ten month low yet again today, falling near $1160 levels as equities stayed supported. US dollar firmed up as traders geared themselves up for the last US Fed meeting for the year. The meeting is most likely to deliver a widely expected hike in US interest rates. Fed had hikes rates for the first time in nearly one decade in Dec 2015. A redux this time could hit Gold further. However, with the Indian retail prices lingering around Rs 27500 per 10 grams, there is a possibility of increased demand for jew-ellery as wedding season approaches. MCX Gold futures are trading at Rs 27550 per 10 grams, down 0.42% on the day. Large speculators and traders decreased their net positions in the gold futures markets last week for the fourth con-secutive week. The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of 136,380 contracts in the data reported through Dec 6th.

RECOMMENDATIONS

GOLD

TRADING STRATEGY:

BUY GOLD ABOVE 27700 TGT 27800 28000 SL BELOW 27600

SELL GOLD BELOW 27400 TGT 27300 27100 SL ABOVE 27500

SILVER

TRADING STRATEGY:

BUY SILVER ABOVE 41415 TGT 41615 42200 SL BELOW 41200

SELL SILVER BELOW 41000 TGT 40800 40200 SL ABOVE 41200

MCX


DAILY REPORT 14

th DECEMBER 2016


NCDEX

NCDEX INDICES

Index Value % Change

BARLEY 1827 +0.63

CORIANDER 7792 +0.06

COTTON SEED 1945 -2.06

GUAR SEED 3304 +0.58

JEERA 17865 -0.78

MUSTARDSEED 4715 +0.70

SOYA BEAN 3023 +0.83

SUGAR M GRADE 3420 +0.77

TURMERIC 7388 -1.49

WHEAT 2065 +0.58

RECOMMENDATIONS

DHANIYA

BUY CORIANDER JANABOVE 7780 TARGET 7830 7890 7960

SL BELOW 7750

SELL CORIANDER JANBELOW 7680 TARGET 7630 7570 7500

SL ABOVE 7710

GUARGUM

SELL GUARGUM DEC BELOW 6210 TARGET 6160 6100 6050

SL ABOVE 6260

BUY GUARGUM5 DEC ABOVE 6290 TARGET 6340 6400 6450

SL BELOW 6240

The global Pepper market has firmed up though the overall activity remains tight. Buyers have filled up sufficient stocks in anticipation of long new yearend holidays. Except Sri-Lanka, the price of black Pepper in most of the origins has increased. In Vietnam and India the prices have increased sharply. In Lampung and Sarawak the black Pepper prices were reported stable. In dollar terms however, local price of Lampung and Sarawak black increased marginally by 1% due to strengthening of local currencies against US dollar.

Waiving the wheat import duty is likely to affect farmers during the rabi sowing season. Since speculation surfaced about the duty waiver two weeks ago, the price of wheat in international markets has jumped by more than 13%to $210 a tonne. Despite this, the cost of imported wheat in ports in south India is Rs 200-250 a tonne less than prevail-ing local prices. From Rs 1,600 a quintal at the beginning of the previous rabi season, wheat prices have risen to Rs 2,100-2,150 now in the northern states. The government lowered the wheat import duty from 25%to 10%in Septem-ber and waived it earlier this week. The Centre’s decision to cut the import duty on wheat from 10 per cent to zero during the peak sowing season might look like an anti-farmer measure. But, officials and traders say that with stocks in government godowns falling, the move is to prevent any chance of import on government account to run the public distribution system (PDS) next year (2017-18) India annually requires 27-30 million ton-nes of wheat to run its PDS, which should not be difficult to procure if private players have adequate stocks in their pipeline.


DAILY REPORT 14

th DECEMBER 2016


RBI Reference Rate

Currency Rate rrency Rate

Rupee- $ 67.4867 Yen 58.5400

Euro 71.7654 GBP 85.5461

CURRENCY

USD/INR

BUY USD/INR ABOVE 67.60 TGT 67.80 68.00 SL 67.30

SELL USD/INR BELOW 67.40 TGT 67.20 67.00 SL 67.70

EUR/INR

BUY EUR/INR ABOVE 71.90 TGT 72.10 72.30 SL 71.60

SELL EUR/INR BELOW 71.40 TGT 71.20 71.00 SL 71.70

CURRENCY MARKET UPDATES:

The rupee weakened further on Tuesday and closed 12

paise lower at 67.54 against the US dollar on steady de-

mand for the greenback from importers and corpo-

rates. Currency traders stayed on sidelines amid extreme

caution ahead of Wednesday's FOMC rate decision. Heavy

capital outflows from foreign funds and release of domes-

tic macroeconomic data, as government will release infla-

tion data based on CPI later in the day, largely weighed on

trade.The home currency opened substantially weak at

67.47 as compared to last Friday's closing level of 67.42 at

the Interbank forex market. It remained under pressure

throughout the day and touched an intra-day low of 67.55

during late afternoon deals before ending at 67.54, reveal-

ing a loss of 12 paise, or 0.18 per cent.

In worldwide trade, the dollar steadied against the yen and

euro on Tuesday after its weakest day in a week, with mar-

kets still uneasy that a Federal Reserve meeting ending on

Wednesday may provoke more investors to take out

greenback's recent gains. The US dollar index was quoted

modestly higher at 101.12 in late afternoon trade. Mean-

while, the RBI today fixed the reference rate for the dollar

at 67.4867 and euro at 71.7654. In cross-currency trades,

the rupee fell back sharply against the pound sterling to

end at 85.78 from 85.01 and also retreated against the

euro to finish at 71.65 as compared to 71.43 last weekend.

The home unit, however, rebounded against the Japanese

yen to settle at 58.52 from 58.83 per 100 yens previously.

Earlier, vendors and traders were used to get Rs 90 for

every Nu 100 they converted. The batta, the local lingo for

exchange fee, was 10%. Post demonetisation, “ulta batta”

has come into practice due to market forces. This means

that locals like Jogi have earned nothing less than a 30-35%

premium for exchanging rupee into Nu. The rupee is ac-

cepted as a valid tender in Bhutan. But, Nu is not officially

accepted in India. But ask Jogi about this, he frowns. “A

majority of our customers are from Bhutan and they pay in

Nu. And we accept this without any fuss.”


DAILY REPORT 14

th DECEMBER 2016


Date Commodity/ Currency

Pairs Contract Strategy Entry Level Target Stop Loss Remark

13/12/16 NCDEX DHANIYA JAN. BUY 8300 8345-8445 8235 NOT EXECUTED

13/12/16 NCDEX DHANIYA JAN. SELL 7650 7605-7505 7715 1ST TARGET

13/12/16 NCDEX GUARGUM DEC. BUY 6280 6330-6400 6210 CALL OPEN

13/12/16 NCDEX GUARGUM DEC. SELL 6200 6150-6080 6270 ALL TARGET

13/12/16 MCX GOLD FEB. BUY 27700 27800-28000 27600 NOT EXECUTED

13/12/16 MCX GOLD FEB. SELL 27500 27400-27300 27600 1ST TARGET

13/12/16 MCX SILVER MAR. BUY 41800 42000-42500 41600 NOT EXECUTED

13/12/16 MCX SILVER MAR. SELL 41250 41050-40650 41450 CALL OPEN

Date Scrip

CASH/

FUTURE/

OPTION

Strategy Entry Level Target Stop Loss Remark

13/12/16 NIFTY FUTURE BUY 8140 8200-8280 8070 NOT EXECUTED

13/12/16 JETAIRWAYS FUTURE SELL 353 345-335 366 CALL OPEN

13/12/16 ONGC FUTURE BUY 314 317-320 310 NOT EXECUTED

13/12/16 VIJAYA BANK CASH BUY 47.20 48-48.50 45 ALL TARGET


DAILY REPORT 14

th DECEMBER 2016


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Disclaimer

TIME REPORT PERIOD ACTUAL CONSENSUS

FORECAST PREVIOUS

MONDAY, DEC. 12

2 PM FEDERAL BUDGET NOV.

TUESDAY, DEC. 13

6 AM NFIB SMALL-BUSINESS INDEX NOV. 94.9

8:30 AM IMPORT PRICE INDEX NOV. 0.5%

WEDNESDAY, DEC. 14

8:30 AM RETAIL SALES NOV. 0.8%

8:30 AM RETAIL SALES EX-AUTOS NOV. 0.8%

8:30 AM PRODUCER PRICE INDEX NOV.. 0.0%

9:15 AM INDUSTRIAL PRODUCTION NOV. 0.0%

10 AM BUSINESS INVENTORIES OCT. 0.1%

2 PM FOMC ANNOUNCEMENT, PROJECTIONS

2:30 PM JANET YELLEN PRESS CONFERENCE

THURSDAY, DEC. 15

8:30 AM WEEKLY JOBLESS CLAIMS 12/3 -- --

8:30 AM CONSUMER PRICE INDEX NOV. 0.4%

8:30 AM CORE CPI NOV. 0.1%

8:30 AM EMPIRE STATE INDEX DEC. 1.5

8;30 AM PHILLY FED INDEX DEC. 7.6

8:30 AM CURRENT ACCOUNT DEFICIT Q3

9:45 AM MARKIT MANUFACTURING PMI (FLASH) DEC. 54.1

10 AM HOME BUILDERS' INDEX DEC. 63

FRIDAY, DEC. 16

8:30 AM HOUSING STARTS NOV. 1.323 MLN

8:30 AM BUILDING PERMITS NOV. 1.260 MLN


Epic research's daily special report 14th december 2016.pdf

Economy & Finance

Transcript of Epic research's daily special report 14th december 2016.pdf